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That’s not how it works. Sorry. |
Actually it is. DC won because they have no problem giving hundreds of millions to stadiums even though every economist not on a team's payroll agree the value is dubious at best. |
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The market disagrees. The killing of the deal introduces policy uncertainty risks for investors in VA which will play out in many different ways. It may mean that future investors will demand higher returns before investing in VA to account for this risk, as well as potentially also increase borrowing costs for the state as investors need to price in this policy uncertainty risk. Basically, it’s the state of VA’s first step towards becoming like Maryland, unless the state does something unambiguous to re-establish its reputation. So congratulations. I hope the likes and retweets were worth it. |
It is different for DC because 1) it is centrally located on all metro lines and 2) 95% of the patrons are bringing out of state entertainment dollars into this district. |
| As usual stupid criminal lying Youngkin lost to L Louise Lucas and Ted Leonis. If you think Teddy didn't know how this was going to end you are stupid. |
Reputations are hard to earn and easy to lose. This person who is not a statewide elected official is responsible for doing serious damage to the state of Virginia’s reputation. Anyone thinking of doing business with the state going forward is going to factor that into their decision making and ultimately their costs. And for what? She’s got attention for all of 10 minutes and is now forgotten. A non-entity that used up all of whatever power she had on this one thing. |
Wait. Are you talking about Louise Lucas? If you don’t know who she is you must be very new to VA. Or an outside agitator.
She’s in charge of handing asses to the POS VA Rs. She’s very good at her job. |
What is your proof for this statement? "It may mean" isn't proof. Your word salad response shows a clear lack of public finance, kind of like Youngkin and the city council of Alexandria. They had no idea how these deals actually are supposed to work. |
The economic analysis in favor of the stadium was a joke. To make the numbers work, they assumed a venue in constant use and hotel rooms being booked at $700 a night. |